>Holding – barely

>Intraday update: Below is a chart of the Dow as of 1:00 PM. Things could change dramatically by the close, but for the time being the buy signal (in blue) is holding. Yesterday’s whack puts it to the test, but it’s considered valid until the market takes out the low, plus a bit of wiggle room.

Meanwhile, leading stocks aren’t really breaking down, at least not catastrophically – for example AAPL has recently re-tested it’s highs in what looks like a reasonable basing pattern now forming.

Dow-Jones Industrial Average: